Fluoropolymer Films Market
Overview and Scope
Fluoropolymer films are a type of thin film made from a class of synthetic materials called fluoropolymers. Fluoropolymers are made up of carbon and fluorine atoms, which form strong carbon-fluorine bonds.
Sizing and Forecast
The fluoropolymer films market size has grown strongly in recent years. It will grow from $2.35 billion in 2023 to $2.52 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to high-temperature stability, expansion in electronics manufacturing, chemical processing industry growth, increased medical and pharmaceutical applications, increased demand in automotive sector.
The fluoropolymer films market size is expected to see strong growth in the next few years. It will grow to $3.3 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to rising demand for ptfe films, growth in renewable energy sector, emerging applications in fuel cells, increasing use in food packaging, rising adoption in semiconductors. Major trends in the forecast period include emphasis on high-performance films, focus on thin film technology, development of fluoropolymer composite films, customization and specialty films, global expansion of production facilities.
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Segmentation & Regional Insights
The fluoropolymer films market covered in this report is segmented –
1) By Type: PTFE (Polytetrafluoroethylene), PVDF (Polyvinylidene Fluoride), FEP (Fluorinated Ethylene-Propylene), ETFE (Polyethylene tetrafluoroethylene), PCTFE (Polychlorotrifluoroethylene), PVF (Polyvinyl fluoride), Other Types
2) By Application: Barrier Films, Decorative, Microporous, Safety And Security films, Other Applications
3) By End-User Industry: Automotive, Construction, Electrical And Electronics, Packaging, Personal Care, Other End Users
Asia-Pacific was the largest region in the fluoropolymer films market in 2023. North America is expected to be the rapidly growing region in the forecast period. The regions covered in the fluoropolymer films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing construction sector will boost the fluoropolymer films market. The construction industry encompasses the planning, designing, and constructing of buildings, infrastructure, and other structures. In construction, fluoropolymer films are utilized for architectural purposes. They are employed as decorative films for facades, wall cladding, and roofing systems, providing visually appealing aesthetics. For instance, in September 2021, according to the report by Oxford Economics, a UK-based information services company, spending on construction accounted for 13% of global GDP in 2020. Further, the global construction output is expected to increase by 42% or US$4.5 trillion from US$10.7 in 2020 to US$15.2 trillion by 2030. Therefore, the increasing construction sector will drive the future fluoropolymer films market forward.
Key Industry Players
Major companies operating in the fluoropolymer films market report are Saint-Gobain Performance Plastics Corporation, Parker Hannifin Manufacturing Ltd., Honeywell International Inc., 3M Company, Daikin Industries Ltd., Solvay SA, Asahi Glass Co. Ltd., DuPont de Nemours Inc., Arkema S.A., Kureha Corporation, Zeus Industrial Products Inc., The Chemours Company, Professional Plastics Inc., Guarniflon S.p.A., Dunmore Corp., Fluortek AB, Layfield Group Ltd., RMB Products Inc., AFT Fluorotec Ltd., Porex Technologies Ltd., The Chemguard Inc., AGC Chemicals Americas Inc., Whitford Ltd., Enflo LLC, Chukoh Chemical Industries Ltd., Neptech Inc., Polyflon Technology Ltd., American Durafilm Co Inc., Fluoro-Plastics Inc.
The fluoropolymer films market report table of contents includes:
1. Executive Summary
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